Subject	Predicate	Object
U3ZnmRuF	a	Resource
		Answer
		Written answer
	answer has question	5RL49KdK
	answer has answering person	Nusrat Munir Ul-Ghani
	answer text	<p>The Government recognises the importance of scale-up finance for breakthrough technology firms. Since launch in 2018, British Patient Capital (BPC) has committed more than £1.6bn into innovative later stage firms, with a further £9.1bn invested alongside it by private investors.</p><p> </p><p>Future Fund: Breakthrough, launched by BPC in 2021, is a £375m programme enabling direct co-investment into promising later stage R&D-intensive UK businesses. The programme has made twelve investments totalling over £80m, including six investments into deeptech companies, making BPC the UK’s most active late-stage investor in deeptech in rounds above £30m. BPC recently invested £10m in Cambridge-based manufacturer PragmatIC Semiconductor.</p>
	answer given date	2023-01-16
	answer has answering body	Department for Business, Energy and Industrial Strategy
	written answer has answering body	Department for Business, Energy and Industrial Strategy
Department for Business, Energy and Industrial Strategy	answering body has written answer	U3ZnmRuF
Department for Business, Energy and Industrial Strategy	answering body has answer	U3ZnmRuF
5RL49KdK	question has answer	U3ZnmRuF
Nusrat Munir Ul-Ghani	answering person has answer	U3ZnmRuF